Nancy McClelland, LLC

APRIL 5, 2024

This week, I discovered a gift that Gusto created for tax preparers with clients that use the Gusto+Guideline combo — a reporting tool that will literally prepare the Form 8881 “Credit for Small Employer Pension Plan Startup Costs” for you. And now we’re superstars to them.

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xendoo

JANUARY 12, 2022

To help you with this process, we’ve put together this complete guide for filing business taxes in 2022. You can use the information and the dates we provide to form a strategic plan for preparing and filing your taxes in 2022. What Is the Business Tax Filing Deadline for 2022?

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Going Concern

JANUARY 19, 2023

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. Without any further ado, IRS-CI’s top ten cases of 2022: 10. government.

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Insightful Accountant

FEBRUARY 28, 2023

See how the platform serves as a managed service provider for today's accountants, bookkeepers, tax preparers and others under that financial umbrella.

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Going Concern

JANUARY 25, 2024

[link] — Hatfield's Mama CPA (@HatfieldsMama) January 23, 2024 Advice column: My Tax Preparer Just Raised Her Fees — What Should I do? Oblivious Investor My tax guy just told me he’s going to be charging about 40% more this year for our return, relative to what he charged for the last several years. What should I do?

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Xero

AUGUST 24, 2022

If you’ve already purchased your 2022 TaxCycle license, we’ll retrospectively apply the discount if you’re eligible. Other exciting updates we’re making to help make tax preparation more simple and efficient for our Canadian partners include a Canada-exclusive beta for the Working Trial Balance.

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CPA Practice

SEPTEMBER 8, 2023

The order also prohibits specific misrepresentations by Intuit regarding the tax preparation and filing services it offers, requires that the order be distributed to relevant parties for the next 20 years, and include strict record keeping and reporting provisions to ensure the company’s compliance.

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Nancy McClelland, LLC

JANUARY 23, 2023

January 23, 2023 — Per IRS 2023-11 , following a successful opening of its systems today, the IRS is now accepting and processing 2022 tax returns; taxpayers have until April 18 to file their taxes this year. For taxpayers who are comfortable completing their own tax forms, Free File Fillable Forms may be a good option.

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CPA Practice

FEBRUARY 6, 2023

The IRS, now two weeks into tax season, issued a statement Feb. 3 saying it is working on guidance for tax preparers and at-home filers. For tax filers who got the 1099-MISC form, the question remains: Will the IRS tax the inflation refund? And if you’ve already submitted a 2022 return? “We

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CPA Practice

OCTOBER 2, 2023

16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software. It’s available to any person or family with an adjusted gross income (AGI) of $73,000 or less in 2022. Taxpayers can pay when they file electronically using online tax software.

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MyIRSRelief

OCTOBER 3, 2022

There is a substantial amount of time you have to file your taxes, but the process can seem hefty. With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service. The Los Angeles County sales tax rate is 0.25%.

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CPA Practice

FEBRUARY 17, 2023

Tax season is always stressful. Hurried filers inundate tax preparers working furiously to help their clients file on time while the dreaded tax deadline looms. However, it’s important to pause and reflect on your data privacy standards, digital communication norms, and potential vulnerabilities this tax season.

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CPA Practice

OCTOBER 16, 2023

16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software. It’s available to any person or family with an adjusted gross income (AGI) of $73,000 or less in 2022. Taxpayers can pay when they file electronically using online tax software.

South Carolina 112

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CPA Practice

APRIL 11, 2024

This year, the IRS has launched a pilot program dubbed “Direct File” through which Americans can opt to have the IRS prepare their taxes for free (well, except for the billions of taxpayer dollars used to create the program). The IRS wants to eliminate Americans’ reliance on private-sector tax-preparation services.

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CPA Practice

FEBRUARY 8, 2023

By Leada Gore, al.com (TNS) The IRS is telling some people to wait to file their 2022 tax return, a group that could represent millions of taxpayers. There are a variety of state programs that distributed these payments in 2022 and the rules surrounding them are complex,” the IRS said in a statement. Visit al.com.

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CPA Practice

MARCH 1, 2023

Filing a final 2022 Form 1040 or 1040-SR for a deceased spouse If your spouse died during the year, you are considered married for the entire year for federal income tax purposes, provided you didn’t remarry that year. 31, 2022, you can file a joint 2022 return.

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CPA Practice

JANUARY 29, 2024

Regardless of how you do your taxes, you won’t have an automatic extension of the deadline for filing your 2023 return — at least not yet. Because of the damage caused by winter storms last year, most taxpayers in California had until mid-November to complete their 2022 returns and pay what they owed.

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CPA Practice

OCTOBER 13, 2023

These extensions include (but might not be limited to) the following: Taxpayers with an original tax filing extension of Oct. 7, 2024 to file 2022 federal tax returns. Taxes owed for 2022 returns were due April 18, so the tax relief does not extend these payments.) 16, 2023 now have until Oct.

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Cherry Bekaert

JUNE 9, 2023

Contributors : Chris Grimes, Senior Manager, State & Local Tax | Peter Baisch, Senior Manager, State & Local Tax Georgia IRC Conformity and Section 174 On May 2, 2023, Georgia Senate Bill 56 was signed into law, which updated Georgia’s Internal Revenue Code (IRC) conformity date from January 1, 2022, to January 1, 2023.

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CPA Practice

AUGUST 11, 2023

The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.

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CPA Practice

JANUARY 29, 2024

These extra hours are in addition to the IRS opening or reopening 50 Taxpayer Assistance Centers that have occurred since Inflation Reduction Act funding became available in 2022. Filing electronically reduces tax return errors as the tax software does the calculations, flags common errors and prompts taxpayers for missing information.

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CPA Practice

NOVEMBER 15, 2023

They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.” In June 2022, Ignition and Intuit took their partnership one step further with the launch of Tax Planning and Advisory Proposal templates to further support thousands of ProAdvisors.

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Nancy McClelland, LLC

APRIL 16, 2023

To that end, when you do share something with your tax preparer, I beg you to phrase it in respectful language that recognizes they are experts in their field. So, to make sure we’re all on the same page, here are a few choice tax benefits that are often overlooked. Out with the ego, in with the knowledge.

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Nancy McClelland, LLC

MARCH 7, 2023

(c) Nataliya Vaitkevich The past three years have been challenging in so many ways, to so many people — but as a tax preparer, I can confidently say that the inability for the IRS to provide its usual level of customer service has been among the most impactful. There are products in English and Spanish.

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CPA Practice

OCTOBER 17, 2023

The IRS announced in May that it was rolling out its own free online tax-filing system in a move that would put the agency in direct competition with online tax preparation software giants like TurboTax and H&R Block. It gave the IRS nine months and $15 million to report on how such a program would be implemented.

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xendoo

NOVEMBER 9, 2021

When filing taxes, knowing the deadlines is an essential part of being organized and prepared. Individual tax returns are due by April 18, 2022. However, when a filing extension is granted, the date is extended to October 15, 2022. The second quarterly filing date for self-employed workers is June 15, 2022.

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CPA Practice

MAY 22, 2023

Most of us are already aware of the Financial Services Modernization Act (known as Gramm-Leach-Bliley) that was enacted in 1999, but you may not be aware of the specific impacts on those of you that are tax preparers.

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Going Concern

MARCH 31, 2023

Today is March 31, meaning there are 18 days left to file (198 days if you followed your CPA’s recommendation to kick the can down the road with an extension) and it is not the time to be shopping for a tax preparer.

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Going Concern

JANUARY 3, 2024

FT published an interview today with Brian Becker , RSM US CEO and managing partner since 2022, in which he states RSM will not be jumping on the private equity train that some firms have embraced this decade. For 12 years until 2011, the firm — then known as RSM McGladrey — was part of the publicly listed tax preparer H&R Block. “It

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Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? 4) If you provide tax preparation services, they’re a great way to avoid a crazy tax season. These elements are crucial in 2022 if you want to know how to start a bookkeeping business. Let’s make this simple. QuickBooks Online.

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Withum

APRIL 11, 2022

On Friday, March 25, 2022, the IRS announced that it will suspend sending the notices that they generally mail to tax-exempt organizations resulting from what its systems believe is the late filing of tax returns. Notices suspended relate to Form 990 and other forms in the 990 series (990-N, 990-EZ, 990-PF, and 990-T).

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Withum

MARCH 20, 2024

For the latest news and updates on Montana state and local tax March 20, 2024 Montana Releases Pass-Through Entity Tax Common Issues to Avoid Authored by: Jessie Racioppi and Penny Sweeting , CPA The Montana Department of Revenue released “Common Errors to Avoid when Filing Form PTE – Tax News You Can Use.”

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LyfeAccounting

JUNE 7, 2021

Now listen, even if you are not able to avoid taxes today or in 2022, or even 2025… …you can still start right now, acquire assets, get passive income and eventually, be able to avoid paying taxes because of the next tip. So how do you get passive income? Well, you have to acquire assets.

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CPA Practice

MAY 23, 2024

We should not describe ourselves by the products we deliver – auditor, tax preparer, etc…but by the value we add,” McCall says. “It She also cites a need to drive the focus and identity of the profession to the work accounting and finance professionals do as trusted advisors. “We

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Nancy McClelland, LLC

FEBRUARY 6, 2022

account “as soon as possible” and you won’t be able to log in with your existing IRS username and password starting in summer 2022. (Yes, the IRS will ask you to create a new ID.me But for now, no need to create a new account in the new system — the old one works just fine.).

Account 52

Account accountant accounted tax return 52

CPA Practice

AUGUST 9, 2023

Year-end is right around the corner, which means quarterlies, tax preparation, and more for accounting firms. Review what can be repurposed, e.g., 2022 tax prep tips, regulatory changes (hello meals and entertainment deductions), bookkeeping tips, unique tax situations you can highlight, and more.

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CPA Practice

NOVEMBER 19, 2023

They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.” In June 2022, Ignition and Intuit took their partnership one step further with the launch of Tax Planning and Advisory Proposal templates to further support thousands of ProAdvisors.

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